Reporting structure: Managing Director Purpose: Ensure accurate financial reporting and compliance, proactively contribute to the strategic decision-making processes, using financial data to drive efficiency, profitability, and long-term success.
The successful candidate will have manufacturing industry background.
KEY RESPONSIBILITIES: Formulation, implementation and monitoring of internal controls and accounting processes to safeguard company assets.
Creating workable information and reporting structure for management and employees and provide relevant information to enable them to make informed management decisions.
Providing sufficient and effective support to all areas of the Company through system design and formulation.
Ensuring that all Company policies and procedures are up to date, effective and appropriate for complete business support.
Financial planning and on-going advice for the Managing Director and Senior Management.
Formulating financial targets and annual budgets in accordance with the strategy determined by the Managing Director and Board of Directors.
Overall control of all financial transactions and accountancy matters, including audit systems.
Oversee preparation of Annual Financial Statements and facilitation of External Audit.
Oversee BBBEE audit and implement improvements to Company BBBEE rating based on a minimum target set.
Monitoring of compliance against Company policies regarding capital requirements, hedging, debt, taxation, equity and acquisitions, etc.
Responsible for ensuring that the regulatory requirements of all statutory bodies are met regarding all the Company's financial affairs.
Responsible for overall cash management, both operational and hedging related, on an ongoing basis.
Review of monthly management and quarterly directors' financial reporting packs.
Responsible for stock control and the implementation of procedures and control systems.
Financial and administrative visionary – i.e.
identifying, researching and implementing measures to increase company Profitability.
Play an active role in the accurate calculation and management of operational and other costs and any losses incurred.
Financial evaluation of any potential acquisition and / or internal expansion opportunities and facilitate effective integrations into the Group of Companies.
Final approval of customer credit applications.
Facilitate strategic discussions, with all stakeholders, around hedging strategies.
Regular review of hedging strategy in line with mandated levels.
Engage with customers and suppliers to ensure efficient and accurate transactional flow achieved and credit limits adhered to.
Negotiations with key finance business partners such as banks and insurance service providers.
Facilitate and provide input in Company risk review presented to Audit Committee.
Shareholder interactions including facilitation of share purchase / sale transactions.
In relation to group Pension Fund, provide support to staff and participate Fund related activities.
QUALIFICATION AND EXPERIENCE Chartered Accountant CA (SA).
Postgraduate Qualification advantageous.
Registration with relevant professional body recommended.
Advanced knowledge of IFRS and GAAP.
7+ Years' of experience in financial management (post articles) including at least 4 years in a senior leadership role.
Experience within a manufacturing environment is essential.
Experience with hedge accounting recommended.
Proven strategic leadership – experience in leading a finance team, overseeing budgeting, forecasting and reporting.
Corporate governance and risk management – solid understanding and practical experience in ensuring compliance with legal regulations, risk management and corporate governance frameworks.
Stakeholder engagement – experience engaging with senior stakeholders such as the Board of Directors, auditors and external partners.